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Debate House Prices


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Property bee updates/

All,

I update property bee using the "24 hour email update" system.. whereby I receive an email every day from rightmove and manually click the 4-5 pages of new/updated listings... this way i catch the reductions in my price/area range.

Last two days I have noticed quite a dramatic increase in new/updated houses... quite a few more reductions and alot more new houses coming on the market.

Im now getting 9-10 pages per day of property listings... maybe this is just a coincidence but with the Halifax -2.5% MoM warning do you think people are panicking?

Or is this 'spring bounce'? :money:
«1

Comments

  • m00m00
    m00m00 Posts: 1,755 Forumite
    there's a lot of EA tinkering that goes on to generate the bumps

    adding punctuation to a description repeatedly etc
    It's a health benefit ...
  • m00m00
    m00m00 Posts: 1,755 Forumite
    it gets it bumped as an 'updated listing' which then gets sent out in the email alerts without actually updating the listing (who's going to notice an extra full stop for example)

    some estate agents are worse than others for tricks like this (most EA's don't do it)
    It's a health benefit ...
  • Trollfever
    Trollfever Posts: 2,051 Forumite
    Just done my usual search of properties listed in the last 7 days. One postcode usually has 50-60 new listings, but today has 107!

    Been tracking this postcode since the start of the year and the previous highest was 67 on 9th Feb.
  • m00m00
    m00m00 Posts: 1,755 Forumite
    I'll be uploading 2 weeks worth of data at some point tomorrow night

    I have all the raw excel work, just haven't been bothered to forums format it yet.
    It's a health benefit ...
  • BobProperty
    BobProperty Posts: 3,245 Forumite
    1,000 Posts Combo Breaker
    I'll throw another one in here. EAs sometimes have a "sale" to try and drum up some interest in their stock. At least 2 in my local area have done it at least once in the last 2 years. On Rightmove and Property Bee it will show as a price cut for a few weeks then a price rise, usually back to the original price but not always. e.g. Was £190,000 cut to £182,000, back on at £187,000.
    A house isn't a home without a cat.
    Those are my principles. If you don't like them, I have others.
    I have writer's block - I can't begin to tell you about it.
    You told me again you preferred handsome men but for me you would make an exception.
    It's a recession when your neighbour loses his job; it's a depression when you lose yours.
  • m00m00
    m00m00 Posts: 1,755 Forumite
    reeds rains did this in wakefield recently, reversing all reductions made on the 1st of Mar, at the end of the month.

    nothing sold at the reduced prices.
    It's a health benefit ...
  • BobProperty
    BobProperty Posts: 3,245 Forumite
    1,000 Posts Combo Breaker
    Reeds Rains are one of the ones who did it round here. ;)
    A house isn't a home without a cat.
    Those are my principles. If you don't like them, I have others.
    I have writer's block - I can't begin to tell you about it.
    You told me again you preferred handsome men but for me you would make an exception.
    It's a recession when your neighbour loses his job; it's a depression when you lose yours.
  • MrDT
    MrDT Posts: 951 Forumite
    m00m00 wrote: »
    nothing sold at the reduced prices.

    and then the prices were bumped back up again.

    seriously, these people are paid for their "work"?? :rotfl:
  • oldMcDonald
    oldMcDonald Posts: 1,945 Forumite
    Loads have come up as new in my area on RM - ones that have been for sale for ages.

    Superior have got a double page in the property paper advertising open days for quite a few houses in the area, changing the wording on RM to show this as well. The houses have all been put on as OIE, with the prices slightly lower than they were before.

    Spring bounce, anyone? :D
  • advertising open days
    Are you bored at weekends?

    Fed up with the same old tat at car boot sales?

    Fire up your SatNav and spend the weekend visiting other peoples homes.

    With luck you will not have to buy any food for the weekend as some offer free nibbles and drinks.
    Living Sober.

    Some methods A.A. members have used for not drinking.

    "A simple book for complicated people"
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